Skyline Apartment REIT Purchases Additional Port Elgin, ON Property

February 15, 2018 - Press Release

On Thursday, February 15th, 2018, the Skyline Apartment REIT finalized a deal with RHH Rental Properties Ltd., a division of Reid’s Heritage Homes, to purchase 1045 Waterloo Street (“The Suites at Summerside”) for $11.6M.

“Skyline is proud to have been part of the Port Elgin community since 2003,” commented Matthew Organ, President of Skyline Apartment REIT. “We are very excited to now grow our commitment to the residents of Port Elgin by offering a newly constructed, luxury rental property.”

The Skyline Apartment REIT is already well-acquainted with the city, currently owning two residential properties with a total of 194 apartment suites in the area. Skyline Group also manages three retail assets in Port Elgin.

For more information about The Suites at Summerside, please visit www.SuitesAtSummerside.ca.

Post-acquisition, the Skyline Apartment REIT comprises 186 properties in 49 communities across 7 provinces – ON, SK, NB, NL, QC, AB, BC – with 16,708 units and 661,195 square feet of commercial space.

About Skyline Apartment REIT

Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.

Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.

Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Apartment REIT and other alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Jeff Stirling
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243

Related Articles:

The Globe and Mail: Five Reasons REITs are Sitting Pretty for a Breakout Year

February 16, 2010

Published in the Globe and Mail, Friday, Jan. 22, 2010...

Skyline Apartment REIT Acquires Additional Tecumseh Property

November 28, 2012

November 30, 2012 - Skyline Apartment REIT recently...

Skyline Apartment REIT Enters Moncton, NB with 2-Property Purchase

December 19, 2017

On Tuesday December 19th, 2017, the Skyline Apartment...

Disclaimer

The information provided on this website is for general information purposes only and is derived from sources that Skyline Apartment REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.